Panther Metals PLC provided an update for the Manitou Lakes Project where the inaugural diamond drilling has confirmed gold mineralisation in four of the five holes drilled at the Glass Reef Target, in Ontario, Canada. The drilling was a follow - up on the widespread anomalous gold in soil and rock sampling values in Panther's geochemical survey1 over the historical Glass Reef Mine area. There are over 200 known gold occurrences in the Manitou Lakes area and numerous historic gold producers in the Eagle - Manitou Lakes Greenstone Belt which is prospective for Archean age orogenic gold and associated base metal deposits.

Considerations include three dimensional induced polarisation ("IP") and magnetic inversion geophysical surveys as well as supplementary litho - structural mapping and sampling. Panther Metals is focussed on the discovery of commercially viable mineral deposits. The Company's operational focus is on established mining jurisdictions with the capacity for project scalability.

Drill targets are assessed rapidly utilising a combination of advanced technologies and extensive geological data to decipher potential commercial viability and act accordingly. Panther's current geological portfolio comprises of three highly prospective properties in Ontario, Canada while the developing investment wing focuses on the targeting of nickel and gold in Australia. Obonga Project Panther Metals acquired the Obonga Greenstone Belt in July 2021 and have already identified five prospective primary targets: Wishbone, Awkward, Survey, Ottertooth and Silver Rim.

A successful Phase 1 drilling campaign at Wishbone in Autumn 2021 revealed the presence of significant VMS-style mineralised systems on the property - the first such discovery across the entire greenstone belt. The primary focus is to make an economic discovery on the Schreiber-Hemlo Properties and establishing the prospectivity of its wider Ontario and Saskatchewan portfolio with a view to securing potential joint venture and/or acquisition interest. Panther Metals Plc own 15% of the issued share capital of Fulcrum Metals Plc and a 2% NSR on the Big Bear project.

Following the listing of Panther Metals' Australian assets on the Australian Securities Exchange ("ASX") in December 2021. The ASX listing has provided the Australian projects with the necessary capital to advance drill-ready targets focused on nickel and gold (within the Tier 1 Mining Districts of Laverton WA and in the NT). Through this spin-out Panther holds an attractive investment prospect, without any disruption to the Company's capital structure and without any financial obligations.

Finally, Panther Metals understand that the commercial realities of building an exploration company requires expertise in geology, finance, and the markets within which they operate. The Company's extensive network of industry leaders allows it to meet these objectives. Ultimately, drilling success is the only route to discovery: the fundamental objective of any exploration company.

Once Panther's world-class geological team identify the anomalies in the Glass Reef Target.